Raise Scoreboard
Week 43Modal Labs, Inc. $602MFormfactor Inc $300MXona Space Systems Inc. $239MWaveDivision Capital XIX, LLC $163MSend Cut Send, Inc. $140MTCG Opportunity Fund II, LLC $113MCarter Investment Holdings, L.P. $112MTown.com, Inc. $104M

Weekly recap

Biggest private raises: Week 11, 2025 (Mar 10–16)

254 companies reported $1.59B in new private raises on Form D in Week 11, 2025 (Mar 10–16). The biggest was Celestial AI Inc., $148M in the Tech League from California. Stonetown 8, LLLP ($101M) and Bally's Chicago, Inc. ($83.2M) rounded out the top three. The Tech League led all leagues with $579M across 73 raises. California topped the state standings with $557M. That is up 4% versus the week before ($1.52B). 164 of the 254 were first-time Form D filers, led by Stonetown 8, LLLP ($101M). In the Fund League, 321 funds reported $10.78B.

Top 25

#CompanyLeagueStateRaisedRaisingFiled
1Celestial AI Inc.TechCA$148M$153MMar 12
2Stonetown 8, LLLP rookieReal EstateCO$101M$101MMar 13
3Bally's Chicago, Inc. rookieOpenRI$83.2M$195MMar 14
4Omni Analytics, Inc.TechCA$68.2M$68.8MMar 14
5Atomwise Inc.Bio & HealthCA$44.3M$50MMar 14
6Magnus Medical, Inc. rookieBio & HealthCA$40.3M$59MMar 14
7Antares Therapeutics, Inc. rookieBio & HealthMA$40M$40MMar 12
8Imagine Pediatrics Holdings LLC rookieBio & HealthTN$37.6M$75MMar 13
9Creative Planning Employee Investment, LLCFinanceKS$35.6M$35.6MMar 14
10BLDG Park Vista LP rookieReal EstateCA$33M$33MMar 14
11MicroTransponder, Inc.Bio & HealthTX$32.5M$65MMar 14
12Mombak Holdings Ltd.TechIntl$31.3M$31.3MMar 14
13VerAvanti Inc.OpenWA$28.3M$37.3MMar 10
14Doublezero FoundationTechIntl$28MindefiniteMar 13
15Equilibrium Energy, Inc.TechMA$25.7M$40MMar 13
16Chesapeake Financial Shares IncFinanceVA$25M$25MMar 11
17HG CoGP Investment Company, LLC rookieOpenIN$21.9M$21.9MMar 10
18Missouri Vertical III Investors, LLC rookieOpenAR$21.1M$21.1MMar 11
19ndustrial.io, Inc.TechNC$20.1M$20.1MMar 11
20Montara Therapeutics, Inc.Bio & HealthCA$20M$20MMar 13
21SafeIdentity Holdings, Inc. rookieTechCA$17.7M$33.8MMar 10
22Resynergi, Inc rookieEnergyCA$17.6M$18MMar 14
23Vivace Therapeutics, Inc.Bio & HealthCA$17.5M$35MMar 12
24ChEmpower Corp rookieTechOR$16M$18.7MMar 11
25WM Capital Partners 94, LLC rookieReal EstateTX$15.9M$15.9MMar 14

By league

LeagueRaisedRaises
Tech$579M73
Real Estate$315M52
Bio & Health$292M30
Open$263M60
Finance$97.5M15
Energy$25M6
Main Street$15.1M18

By state

StateRaisedRaises
California$557M55
Colorado$109M8
Texas$108M26
Massachusetts$92.8M12
Rhode Island$83.2M1
International$82.8M18
New York$74.2M20
Washington$43.1M7
Virginia$41.1M11
Tennessee$39.4M3
Kansas$38.2M2
Georgia$36.6M5
New Jersey$32.3M7
North Carolina$29.6M6
Maryland$27.4M8

Rookies

First Form D ever filed.

#CompanyLeagueStateRaisedRaisingFiled
1Stonetown 8, LLLP rookieReal EstateCO$101M$101MMar 13
2Bally's Chicago, Inc. rookieOpenRI$83.2M$195MMar 14
3Magnus Medical, Inc. rookieBio & HealthCA$40.3M$59MMar 14
4Antares Therapeutics, Inc. rookieBio & HealthMA$40M$40MMar 12
5Imagine Pediatrics Holdings LLC rookieBio & HealthTN$37.6M$75MMar 13
6BLDG Park Vista LP rookieReal EstateCA$33M$33MMar 14
7HG CoGP Investment Company, LLC rookieOpenIN$21.9M$21.9MMar 10
8Missouri Vertical III Investors, LLC rookieOpenAR$21.1M$21.1MMar 11
9SafeIdentity Holdings, Inc. rookieTechCA$17.7M$33.8MMar 10
10Resynergi, Inc rookieEnergyCA$17.6M$18MMar 14

Fund League

$10.78B across 321 funds.

#CompanyStateRaisedRaisingFiled
1Blackstone Capital Opportunities Feeder Fund V-R (CYM) LP rookieNY$3.31BindefiniteMar 11
2Silver Lake Private Equity - Anchor (B), L.P. rookieCA$1.50BindefiniteMar 14
3Silver Lake Private Equity - Anchor, L.P. rookieCA$1.50BindefiniteMar 14
4AQR Offshore Multi-Strategy Fund XXVI, L.P. rookieIntl$681MindefiniteMar 13
5PIMCO Capital Solutions CE, L.P. rookieCA$320MindefiniteMar 11
6Bridgewater Pure Alpha Fund IV (DE), LP rookieCT$250MindefiniteMar 14
7Terrapin Power Holdings, LLC rookieTX$234MindefiniteMar 10
8SVSS VI Private Investors, LLC rookieNY$209MindefiniteMar 12
9Amcsi Co-investment Partnership II, LP rookieCT$200M$200MMar 13
10Bridgewater Absolute Return Fixed Income Fund, LLC rookieCT$196MindefiniteMar 14
All 254 raises this week
#CompanyLeagueStateRaisedRaisingFiled
26Syndex Bio Inc. rookieBio & HealthCA$15.5M$15.5MMar 14
27WorkFusion, Inc.TechNY$15.4M$15.4MMar 13
28LYS Beauty, LLC rookieOpenGA$15M$15MMar 10
29Chesapeake Nr, LLC rookieReal EstateUT$14.1M$14.1MMar 11
30ModifyHealth, Inc.TechGA$13.7M$13.7MMar 13
31WE Piazza, LLC rookieReal EstateNJ$13.4M$13.4MMar 13
32Popid, IncTechCA$13.4M$17.3MMar 14
33Mote, Inc. rookieTechCA$13.1M$13.1MMar 14
34Arcadia Tei Equities LLC rookieReal EstateNY$12.7M$12.7MMar 11
35Pickle Poll, Inc.TechNY$10.9M$12MMar 13
36Rwazi, Inc.TechCA$10M$11.8MMar 13
37OBH FB Issuer LLC rookieReal EstateNY$9.8MindefiniteMar 12
38Global One Bancshares, Inc.FinanceTX$9.8M$40MMar 12
39NYPIT, Inc.TechCA$9.7M$15MMar 10
40Ottometric, Inc.TechMA$9.5M$10MMar 13
41SeaSatellites, Inc.OpenCA$9.1M$10MMar 13
42En Solucion Inc. rookieTechTX$8.7M$10MMar 14
43Integrity Partners Cyber LLC rookieTechVA$8.4M$15MMar 14
44Fayette Square Investor LLC rookieReal EstateMD$8.3MindefiniteMar 11
45Empathy Rocks, Inc.TechWA$8.1M$10MMar 14
46American European Group, Inc. rookieFinanceNJ$7M$7MMar 10
47Vail Scientific, Inc.Bio & HealthMN$7M$7MMar 13
48Digital Wildcatters, Inc.TechTX$6.7M$7.4MMar 14
49Lord Of The Games, Corp. rookieTechCA$6.5M$6.5MMar 11
50Association of Pickleball Professionals, LLCOpenIL$6.5M$15MMar 11
51Mitico, Inc. rookieTechCA$6.4M$6.8MMar 13
52AdvocateMH Inc. rookieBio & HealthMA$6.2M$8MMar 12
53BC Highlands of Heritage Woods Investors, LLC rookieReal EstateNJ$6M$7MMar 11
54Real Spill Corp rookieTechCA$6M$6.3MMar 12
55Daymark Health, Inc.Bio & HealthCA$6M$6MMar 14
56Irene Insurance Inc. rookieOpenFL$6MindefiniteMar 10
57Miles Ahead Holdings, LLC rookieOpenFL$6M$6MMar 13
58Patroon Investor LLC rookieReal EstateMD$6MindefiniteMar 10
59Raise Robotics, Inc.OpenCA$5.9M$6.2MMar 11
60Ryse Global Technologies Inc. rookieTechNY$5.9M$6.4MMar 13
61TCG Columbus Works LP rookieReal EstateMA$5.8M$7MMar 10
62Wrap Technologies, Inc.OpenAZ$5.8M$5.8MMar 12
63Rusk Avenue Hotel Group LLC rookieMain StreetWI$5.7M$5.7MMar 10
64Actium Topco (UK) LtdFinanceIntl$5.6M$5.6MMar 13
65BG16 - Bishop Arts LLCReal EstateTX$5.5M$5.5MMar 11
66Trail Creek Investor LLC rookieReal EstateMD$5.4MindefiniteMar 10
67BobcatBio, Inc.Bio & HealthPA$5.3M$15MMar 12
68Ccg Kitchener Holdco, LLC rookieReal EstateIL$5.1M$5.2MMar 10
69Caddi Technologies, Inc. rookieTechWA$5M$5MMar 10
70Heat Safety Solutions, LLC Series 4 rookieTechOK$5M$5MMar 11
71Propertyfi Inc. rookieTechAZ$5M$15MMar 12
72Fort Worth Partners, LLC rookieReal EstateAL$5M$5MMar 14
73BLDG Park Vista GP LP rookieReal EstateCA$5M$5MMar 14
74MacKenzie Realty Capital, Inc.Real EstateCA$4.8M$4.8MMar 13
75ASW Holdings, LLCOpenGA$4.8M$12MMar 13
76Series 40-1, a series of StartEngine Private LLC rookieOpenCA$4.8M$10.1MMar 10
77Pacific Life Insurance CoFinanceCA$4.7MindefiniteMar 13
78Originalis, Inc. rookieTechNY$4.6M$4.6MMar 12
79BG 18 - Crockett Street LLCReal EstateTX$4.3M$4.3MMar 11
80Radical Play 1, LP rookieOpenTX$4.1M$13.5MMar 11
81International Tower Hill Mines LtdOpenIntl$3.9M$3.9MMar 13
821213 Gentry LLC rookieReal EstateMN$3.9M$3.9MMar 12
83RCP Austin Flex Industrial, LLC rookieReal EstateTX$3.9M$5.8MMar 12
84NewPayHealth, Inc. rookieTechCA$3.7M$4.2MMar 13
85HD Paper, LLC rookieReal EstateNC$3.7M$6.5MMar 11
86Missouri III Group, LLC rookieOpenAR$3.6M$3.6MMar 11
87TaleMonster Games Inc. rookieTechIntl$3.5M$5MMar 11
88Dragonfly Energy Holdings Corp. rookieEnergyNV$3.5M$8MMar 13
89Lb Hennersby, LLC rookieReal EstateTX$3.5M$3.5MMar 12
90Snail, Inc. rookieTechCA$3.3M$11MMar 10
91Top Coat Equity LLC rookieFinanceNC$3.3M$5MMar 13
92Empirical Flavor Inc. rookieOpenNY$3.3M$5.3MMar 10
93Metal Powder Works Ltd rookieTechIntl$3.2M$3.2MMar 14
94Village of Deerfield MHP LLC rookieReal EstateNV$3M$3MMar 11
95Pavo AI Inc. rookieTechCA$3M$4.2MMar 12
96GMF GA I Owner LLC rookieReal EstateMD$3MindefiniteMar 10
97FarmTogether 202, LLCReal EstateDE$3M$6MMar 14
98Freight Technologies, Inc. rookieTechTX$3M$3MMar 14
99NV Therapeutics, Inc. rookieOpenCA$3M$7.5MMar 14
100Pillar Real Estate Powered Land Fund, LLC rookieReal EstateNJ$2.9M$3MMar 13
101Braid Research Inc. rookieTechCA$2.8M$3.2MMar 11
10251 Upstream Energy Fund VII, LLC rookieEnergyKS$2.6M$100MMar 10
1036P Color, Inc.OpenTX$2.5M$3.7MMar 11
10451C Collaborative, Inc.OpenNY$2.5M$5MMar 14
105Heat Safety Solutions, LLC Series 5 rookieTechOK$2.4M$5MMar 11
106BombBomb, Inc. rookieTechCO$2.4M$3.4MMar 13
107HEI Investment Fund, LLC rookieReal EstateUT$2.4M$100MMar 11
108Ataia Holding LLC rookieOpenNJ$2.3M$5MMar 10
10972 Scotsdale LLC rookieReal EstateOH$2.3M$2.3MMar 12
110SB Westmont LLC rookieMain StreetCO$2.3M$2.3MMar 12
111KinCap Switch IV, LLC rookieOpenVA$2.2M$2.2MMar 13
112Evolon Technology, Inc.TechTX$2.2M$2.2MMar 13
113Circula-AI Inc rookieBio & HealthFL$2.2M$2.5MMar 13
114GS Finance Corp.FinanceNY$2.2M$2.2MMar 13
115Karias Health, Inc. rookieBio & HealthSC$2.2M$3MMar 14
116Emip 13, LLC rookieReal EstateNY$2.1MindefiniteMar 11
117Red Oak Income Opportunity Fund II, LLC rookieReal EstateNC$2.1M$300MMar 12
118Pacific Diabetes Technologies, Inc.Bio & HealthOR$2.1M$5MMar 14
119Genomate Health, Inc.Bio & HealthMA$2M$2MMar 12
120Infinity Bio, Inc.Bio & HealthMD$2M$5MMar 11
121Tiga Labs, Inc. rookieTechVA$2M$2.8MMar 10
122St Elizabeth UK, LLC rookieReal EstateGA$1.9M$1.9MMar 10
123HMC BCP Investors LLC rookieReal EstateCT$1.8M$1.8MMar 14
124College Consortium, Inc.TechTX$1.7M$2MMar 13
125Sensearly Inc. rookieBio & HealthCA$1.7M$1.7MMar 11
126Cladis Investment Advisory, LLC rookieFinanceMT$1.7M$1.7MMar 14
127spokenote, Inc.TechIN$1.6M$3.5MMar 13
128Pinewood Technologies Group plc rookieOpenIntl$1.5M$1.5MMar 11
129SHAED, Inc. rookieMain StreetMN$1.5M$3MMar 13
130Suite Studios Inc.TechCO$1.5M$1.5MMar 12
131Something Borrowed Blooms, Inc.OpenLA$1.5M$1.5MMar 13
132MVG Rise Stone Gate Fund LLC rookieReal EstateAZ$1.5M$1.5MMar 12
133Brandzooka, Inc.TechCO$1.4M$1.5MMar 11
134Ccg Java, LLC rookieReal EstateIL$1.4M$1.5MMar 10
135Permissionless Technologies Inc rookieTechIntl$1.4M$1.5MMar 14
136Jsb 701 LLC rookieReal EstateMD$1.3MindefiniteMar 11
137Ventures Eagan, LLC rookieReal EstateMN$1.2M$1.6MMar 11
138Wiagro Inc. rookieTechIntl$1.2M$1.2MMar 11
139AbraSilver Resource Corp. rookieOpenIntl$1.2M$1.2MMar 14
140Brij Medical, Inc.Bio & HealthGA$1.2M$6MMar 13
141Ghci Healthcare Fund Holdings, L.P. rookieBio & HealthOH$1.2M$10MMar 14
142Tympanogen, Inc.TechVA$1.2M$5MMar 13
143Pacific Life Insurance CoFinanceCA$1.1MindefiniteMar 13
144Bloom Wealth Partners Fund I LLC rookieReal EstateOH$1.1M$10MMar 10
145Pacific Life Insurance CoFinanceCA$1.1MindefiniteMar 13
146KD Knit Corp rookieMain StreetNY$1.1M$1.6MMar 13
147Gi Property 95 LLC rookieReal EstateCA$1.1M$1.1MMar 12
148Debbie Way Owner LLC rookieReal EstateCA$1.1M$1.1MMar 10
149Wolverine TopCo, LPOpenNY$1MindefiniteMar 10
150CoachCare Holdings, Inc. rookieTechNY$1M$1MMar 13
151DeepkinetiX Inc. rookieTechMA$1M$2.5MMar 13
152Savvy Trader, Inc. rookieOpenAZ$1M$1MMar 14
153Savvy Trader, Inc. rookieOpenAZ$1M$1MMar 14
154TKO Solutions, L.L.C. rookieOpenUT$1M$1MMar 11
155Unrefind Inc rookieOpenWA$1M$1MMar 12
156Long Bridge Medical, Inc.Bio & HealthCA$1000K$1000KMar 12
157JSB Country Haven LLC rookieReal EstateMD$1000KindefiniteMar 10
158Integrative Life Network, Inc. rookieBio & HealthTN$950K$1.5MMar 12
159Foresee Medical, Inc.Bio & HealthCA$950K$2.1MMar 14
160Collective Liquidity, Inc. rookieOpenCA$900K$2.7MMar 10
161KEMLAB, Inc. rookieTechMA$900K$1.2MMar 11
162Hitch Fire Inc. rookieMain StreetCA$880KindefiniteMar 10
163Mallard Bay Outdoors, Inc.TechTX$880K$1MMar 13
164Sunshine Estates At Fort Pierce FL LLC rookieMain StreetFL$864K$888KMar 12
165929 Partners LLC rookieReal EstateCO$860K$950KMar 12
166Relevant Gold Corp.OpenIntl$810K$810KMar 14
167Midsouth Land Opportunity 1 LLCReal EstateTN$800K$800KMar 13
168Pepper Investments, LLC rookieOpenIN$750K$750KMar 12
169White Sands JV, LPTechFL$706KindefiniteMar 14
170Dynocardia, Inc.Bio & HealthMA$675K$2MMar 14
171Competitive Wedge, LLCTechMI$669K$2MMar 14
172ELA Mineral Inventory Opportunity, LLCEnergyTX$650KindefiniteMar 13
173Power Metallic Mines Inc.EnergyIntl$637K$637KMar 14
174Swissclear Global Inc. rookieTechNY$625K$5MMar 12
175Mayfield Villas LLC rookieReal EstateTX$615K$2.8MMar 12
176Winglore Spirits Inc. rookieOpenVA$605K$1MMar 13
177Yellowbridge Partners LLC rookieOpenDC$600K$600KMar 10
178Tallow Grill Holdings LLC rookieMain StreetCA$575K$1MMar 14
179101 Solutions, LLC rookieMain StreetSC$550K$550KMar 13
180Episteme Prognostics, Inc.Bio & HealthNY$550K$2.5MMar 10
181PassPass LLCTechTX$550K$3MMar 12
182Lyora Therapeutics, Inc. rookieBio & HealthMA$525K$2MMar 11
183Kaffea-X, Inc. rookieTechNJ$500K$600KMar 10
184MarketSmasher, Inc. rookieTechVA$500K$500KMar 13
185Thunderstone, Inc. rookieOpenNM$500K$1.5MMar 12
186Neochord IncMain StreetMN$493K$2.1MMar 13
187Alpine Gvr Mf, LLC rookieReal EstateAZ$480K$480KMar 11
188IEQ Valley View, LLC rookieReal EstateCA$457K$457KMar 13
189Fayette Square Investor II LLC rookieReal EstateMD$450KindefiniteMar 11
190OTTera IncTechCA$400K$10MMar 10
191Phyto Teq, Inc.OpenCA$400K$1MMar 10
192H10CW-2, LLC rookieMain StreetVA$400K$600KMar 12
193MarketSmasher, Inc. rookieTechVA$365K$1MMar 13
194Women's Elite Rugby Inc rookieOpenIN$350K$4MMar 14
195Assemble Capital LLC rookieReal EstateCA$300K$600KMar 11
196Beiler Investment Group, LLC rookieOpenPA$300K$2MMar 14
197Cybrbase, Inc rookieTechVA$300K$300KMar 14
198Highlandst-ambojang LLC rookieReal EstateMA$300K$2MMar 12
199Real Messengers Inc. rookieMain StreetTX$300K$1.5MMar 14
200Havyn LLC rookieOpenCA$260KindefiniteMar 11
201Adhoc Studio, Inc. rookieOpenCA$250K$1MMar 14
202Bluetape USA, Inc. rookieOpenSC$250K$1MMar 12
203Command Zero Inc.TechTX$250K$250KMar 12
204Dirtbag Bar Inc. rookieOpenNC$250K$500KMar 11
205RiteWipe, LLC rookieReal EstateWY$250K$2MMar 12
206Visionsquare Fund, L.P. rookieFinanceWA$250KindefiniteMar 11
207Stereophonic UK Ltd Liability Co rookieOpenNY$242K$4MMar 13
208GRIT Athletic Innovation Inc. rookieTechAL$230K$300KMar 11
209Ripelocker, Inc.TechWA$228K$7.5MMar 12
210OpsSeur at Jackson, LLC rookieReal EstateCA$220K$2.2MMar 11
211Litewave.AI, Inc rookieTechCA$200K$3.5MMar 14
212Quick N Brite Partners, Inc. rookieMain StreetWA$200K$500KMar 11
213Surgical Training Simulators, Inc. rookieBio & HealthNC$200K$200KMar 14
214Oroco Resource CorpOpenIntl$159K$412KMar 14
215Cognitive Network Solutions Inc rookieTechNJ$155K$200KMar 13
216Marva & Marva Ltd Liability Co rookieOpenNY$152K$1.5MMar 12
217Onsen Holistic Spa & Tea Room, LLC rookieOpenCA$150K$150KMar 12
218Licked Hand Film LLC rookieOpenCA$137K$200KMar 13
219Peninsula Capital Corp.OpenIntl$100K$100KMar 13
220Bauplan, Inc.TechCA$100K$3MMar 10
221Blu Clarity PBC rookieFinanceTX$100K$2MMar 14
222Druid Agriculture rookieTechAL$100K$1MMar 14
223Empower Equity Group, LLC rookieBio & HealthNE$100K$2MMar 12
224Fcgvr, LLCMain StreetCO$100K$1.3MMar 10
225Finney S11 3 Joint Venture rookieEnergyLA$100K$1.2MMar 14
226FluentPath, Inc. rookieTechUT$100KindefiniteMar 12
227GAIA REIT, Inc.Real EstateNY$100K$100KMar 11
228Golden Cariboo Resources Ltd.OpenIntl$90K$177KMar 14
229Summer Hawk Optics, Inc.Main StreetTX$60K$1MMar 14
2304EG Mercato LLC rookieMain StreetOH$50K$1.5MMar 11
231Kool Kapz, Inc. rookieOpenNE$50K$100KMar 12
232MCI Preferred Income Fund VIII, LLC rookieReal EstateTX$50K$500MMar 12
233Sendy, SPCTechCA$50KindefiniteMar 11
234Shift Group Holdings, Inc.OpenMA$50K$2MMar 12
235kIK Start, LLC rookieOpenPA$50K$500KMar 14
236MarketSmasher, Inc. rookieTechVA$48K$48KMar 13
237Moblyze Inc.OpenTX$48K$48KMar 11
238FingerMotion, Inc.TechIntl$42K$56KMar 10
239Ubivac, Inc.Bio & HealthOR$35K$4.5MMar 11
240ASSET INVESTMENT FINANCIAL SERVICES Corp rookieFinanceTX$34K$1.2MMar 13
241BWO Corp. rookieTechNM$30K$600KMar 13
242Browns Shoe Fit Co General Office IncMain StreetIA$30K$30KMar 14
243United Capital Financial Partners, LLCFinanceTX$28K$28KMar 14
244Nxt Health Collective Corp rookieOpenCA$26K$60KMar 11
245Elf Labs, Inc rookieOpenCA$25KindefiniteMar 11
246Intrigue Health, Inc. rookieBio & HealthCA$25K$200KMar 10
247OO Technologies, Co. rookieTechNY$22KindefiniteMar 10
248Nxt Health Collective Corp rookieOpenCA$20K$60KMar 11
249Qualified Holdings, Inc. rookieMain StreetFL$20K$1MMar 12
250Reyna Silver Corp. / BCOpenIntl$16K$42KMar 10
251Eidolon Film, LLC rookieOpenMI$15K$500KMar 14
252Boulder Bathhouse LLCMain StreetCO$10K$280KMar 10
253VECTORMAX CorpTechNY$5K$30MMar 10
254Vortex Metals Inc.OpenIntl$4K$11KMar 13